Institutional Positioning Intelligence
Understand crowding, momentum, institutional bias, and divergence in one decision-ready view.
Bearish positioningLarge speculators are net short and added 37,644 contracts of net bullish exposure this week. Commercials are net long. Over the selected 52 weeks window, non-commercial net positioning is building higher. Positioning remains in a neutral historical zone on a 52-week basis. Within the selected 52 weeks range, positioning sits around the 57.7 percentile. Commercials remain structurally opposite to speculators, which is typical in hedging-heavy markets. Price/COT divergence is currently limited.
Current selected-window percentile: 57.69%. 0-20%: crowded short, 40-60%: neutral, 80-100%: crowded long.
Positioning and price action are not showing a strong divergence signal this week.
| Participant Group | Long | Short | Spreading | Net | Weekly Change | 13-Week Avg | 52-Week High | 52-Week Low | Percentile | Bias |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Commercial | 54,444 | 124,943 | 6,806 | -70,499 | +37,644 | -149,342 | 36,159 | -179,095 | 57.69% | Bearish |
| Commercial | 244,052 | 169,623 | 0 | +74,429 | -40,853 | 157,252 | 189,021 | -44,360 | 44.23% | Bullish hedge bias |
| Non-Reportable | 29,559 | 33,489 | 0 | -3,930 | +3,209 | -7,910 | 8,201 | -16,243 | 55.77% | Bearish |
| Total | 305,302 | 301,372 | 0 | +3,930 | -3,209 | 7,910 | 16,243 | -8,201 | 46.15% | Bullish |
